I’ve been paying since I was 16 and I really doubt that that 60+ years of payments are disposed of by 48 months at $500 a month or so, even discounting inflation and COLA, but maybe its close enough for the purpose of showing the utter failure of the setup, and one that was openly seen and predicted back in the 70s, at that.
Allowing me to opt out of this government fraud, and mandating a private account for those monies would mean that I would probably be worth closer to a million bucks on that alone.
I suppose that my views on these socialist thefts are closer to libertarian viewpoints.
And I do understand that the money was spent, but what control do we have over money once they reach into our pocket and take it from us?
Actually, I could get angry at the whole concept just writing this, but its too early in the morning. :)
I never did think that there was some fund that the payments went into. - Its just another government tax that you pay or else.
Given the present state of education and politics in this country, how do we get rid of it especially when most of the illegals are politically leftist?
They will vote sooner or later, and the democrat's class warfare will continue.
I'm very pessimistic. Thank you for the post. - Bill
I am going to check in a bit more detail when I get home.
What folks who have been paying in for a long time need to remember is that for many years the maximum contribution was really REALLY small, like just a few hundred dollars a year. Even after 50 years, those small contributions have not grown huge. The contributions didn’t start to grow large until after 1983.